Jurisdiction(s):
Ireland

Ireland’s Private Funds Outlook: ELTIF Opportunities, Reform of CBI Product‑Level Rules and the Case for an Unauthorised Structure under Funds Sector 2030

Published on: 18 April 2024

Published by a Law360 reporter

Legal News

Article summary

Interest has largely been fuelled by the belief that public markets will deliver lower returns in the years ahead, while superior performance is increasingly expected to arise within private markets. Consequently, institutional investors, pension schemes and other allocators are directing bigger slices of their capital towards the private markets through private equity, private credit, direct lending, loan origination, infrastructure, property and venture capital vehicles. [1] Ireland remains, undoubtedly, a premier domicile for tightly regulated investment funds, notably undertakings for collective investment in transferable securities, exchange-traded funds based on such undertakings, and money market funds. Yet, for a range of reasons, it supports comparatively smaller pools of alternative assets than peer jurisdictions and faces the prospect of not being ideally positioned to seize the upward momentum of the private funds arena. We consider it essential that Ireland strengthens its private funds toolkit to preserve its reputation as a worldwide home for investment funds as the market shifts ever more towards private strategies and away from public markets over time, in the years ahead across markets...

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